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Buying property on Bond Street in London is as secure and lucrative an investment as buying gold, thanks to soaring rents and values in Europe’s most expensive street.

Research by the global property services group DTZ comparing the capital value and investment returns from buying gold with those of buying bricks and mortar in the Mayfair street show a similar level of performance.

That could explain why rich investors concerned about threats to the eurozone and volatility in the global equity and debt markets are increasingly targeting property in the street, which is home to luxury shops such as Tiffany,